Question
What is the amount of the annual interest tax shield for a firm with $3 million in debt that pays 10% interest if the firm
What is the amount of the annual interest tax shield for a firm with $3 million in debt that pays 10% interest if the firm is in the 35% tax bracket?
| $360,000 | ||
| $234,000 | ||
| $105,000 | ||
| $126,000 |
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
